SG Blocks, Inc., a leading developer, designer, and fabricator of modular structures, announced today that the Camden County Joint Development Authority (JDA) has approved SG Blocks’ real estate transaction for roughly 33 acres with plans to build a 114,000 square foot manufacturing facility to support the Cumberland Inlet development project. SG Blocks plans to employ roughly 125 people in the first three years. This follows SG Blocks’ announcement of its 10% non-dilutable equity interest in the waterfront project.

The initial project, which is set to deliver approximately 3,000 residential units with the goal of revitalizing the downtown area, is expected now to also offer the community over 100 new jobs.

“We were very happy with our decision to invest greatly in the St. Marys waterfront area with a residential destination community, it’s a very advantageous location for us. With this, when we were presented with the opportunity to create additional manufacturing space in the area that would in turn create jobs, it was an easy decision,” Paul Galvin, Chairman and CEO of SG Blocks noted. “When completed it will also give us much needed additional floor space to produce our growing number of projects. Filling our factories with our own work has always been our ideal model.”

The manufacturing campus will be located at the former St. Marys airport site, which will now be known as the St. Marys Commerce Park. The factory is intended to provide in excess of 100,000 square feet of new manufacturing space for the Company. The new campus will be intended to serve a multitude of projects and areas, including but not limited to, SG Blocks’ Cumberland Inlet and Norman Berry projects, as well as the greater Jacksonville, Florida area, given the Company’s new headquarters.

“The cooperation between the City and the Authority were key to getting this done. City officials created a Tax Allocation District in 2016 for this very reason: to have a vehicle for constructing infrastructure and encouraging growth without placing another tax burden current on taxpayers,” Mayor John Morrissey said.

In addition, Georgia Governor Brian Kemp commented upon SG Blocks’ expansion in Georgia, noting, “We are excited to see innovative companies like SG Blocks expand their operations into Georgia,” Governor Kemp explained. “We have been laser focused on bringing jobs and opportunities to rural communities of hardworking Georgians. We applaud local efforts to continue making Georgia the top state for business.”

The Company’s manufacturing footprint will now plan to hold three sites in Oklahoma (ECHO, Waldron and McLean), as well as St. Marys.

Initial deliveries of the modular residential units are expected by year end 2022, with updates to the manufacturing site to follow. The Company will provide further updates as available.